๐Ÿ”๏ธ๐Ÿ’ฐ Avalanche (AVAX) Weekend Analysis

๐Ÿ“‰ Technical Overview:

Support Test: AVAX tested the bottom of the range resistance level at approximately $38.50.
Support Level: $38.50 now functioning as a support level.
Plan: Consider entering a spot long trade if there is another test of the support level.
๐Ÿ’ก Profit-Taking Strategy:

Target Resistance: Aim to target the next resistance area between $50.00 and $52.50.
Stop-Loss Placement: Well-defined stop-loss set just below the minor support level at $36.00.
Risk Management: Protect the trade from significant downturns and keep losses within acceptable limits.
๐Ÿ”„๐Ÿ’ผ Note: Stay vigilant for potential developments that might impact AVAX's price movement. ๐Ÿ“ˆ๐Ÿ’ก #Avalanche #AVAX #TechnicalAnalysis ๐Ÿ’ป๐Ÿ“Š
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